article thumbnail

Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow

Competition at the domestic and international markets. Large aerospace companies (Boeing, Airbus, Lockheed Martin, and more) hold a significant market share, which poses additional challenges for smaller players in terms of their competitiveness on the market. . Step 3: Analyzing risks. Risk Management in Engineering.

article thumbnail

Creating a Risk Register: All You Need to Know

Epicflow

How to Create a Risk Register? Before filling in a risk register, you should think of all possible risks. analyzing historical data, consulting stakeholders and team members, modeling and simulations. There are several classifications for risk categories in project management. Probability of risk occurrence.